IIT Madras Teams Up with Tamil Nadu Govt to Transform Agri-Food Ecosystem
IIT Madras has partnered with the Tamil Nadu State Government to enhance and strengthen the state’s agri-food ecosystem.
IIT Madras Teams Up with Tamil Nadu Govt
The Indian Institute of Technology (IIT) Madras is partnering with the State Government to accelerate the growth of Tamil Nadu’s agriculture and food processing sectors. This collaboration aims to drive sustainable rural development, foster innovation in agri-business, and promote inclusive economic growth across the state.
The MoU encompasses joint efforts to skill rural youth in agribusiness, optimize supply chains while reducing food wastage, and enhance market access along with export potential. It also focuses on improving packaging, branding, and product marketing, as well as evaluating government schemes to maximize their impact.
To formalise this partnership, IIT Madras recently signed a strategic Memorandum of Understanding (MoU) with the Tamil Nadu Agri Business and Food Processing Export Corporation (TNAPEx). The MoU signing ceremony was held at the Tamil Nadu Secretariat, with Dr. Atul Anand, IAS, Additional Chief Secretary of the MSME Department, Government of Tamil Nadu, in attendance.
Welcoming the expertise brought in by IIT Madras, Dr. Atul Anand, IAS, Additional Chief Secretary, MSME Department, Government of Tamil Nadu, reaffirmed the State Government’s commitment to transforming rural supply chains, reducing post-harvest losses, and increasing farmer incomes through innovation and collaboration.
Looking ahead to this collaboration, Prof. V. Kamakoti, Director of IIT Madras, highlighted the Institute’s multidisciplinary expertise in addressing real-world challenges. He outlined IIT Madras’ vision to enhance operational efficiency, marketability, and sustainability within Tamil Nadu’s agri-business ecosystem through targeted research, training programs, and innovative technological and marketing solutions.
Dr. K. Alagusundaram, Managing Director and CEO, of TNAPEx, highlighted the strategic importance of connecting Tamil Nadu’s rural micro-enterprises to global markets and leveraging academic collaboration to increase capacity and competitiveness in the food processing sector.
Also present at the event were Prof. Manu Santhanam, Dean of IC&SR, and Dr. Saji Mathew, Head of the Department of Management Studies at IIT Madras. Leading the research, training, and consulting initiatives in partnership with TNAPEx for Tamil Nadu’s food processing and agri-based MSMEs will be Prof. Arshinder Kaur, alongside Prof. G. Arun Kumar and Prof. Vaibhav Chawla from the Department of Management Studies.
The highest package offered and the number of offers made in top IITs during 2023 placements is presented in the following table:
| IIT Name | the highest Package (2023) | No. of Offers (2023) |
|---|---|---|
| IIT Madras | INR 1.31 crore per annum | 1,612 |
| IIT Delhi | INR 2.40 crore per annum (international) | 1,300 |
| IIT Bombay | - INR 3.67 crore per annum (international) - INR 1.68 crore per annum (domestic) |
1,788 |
| IIT Kanpur | INR 1.90 crore per annum (domestic)* | 1,200* |
*The placement details are fetched from media reports.
The overall the highest package for the academic year 2022-23 stood at INR 1.31 crore per annum and was grabbed by UG students (BTech, DD, and IDDD). The highest package offered to the 2022 passing-out batch was INR 2.14 crore per annum. Looking at the past three years' record, year-on-year growth was recorded in the highest package. The following table represents the IIT Madras the highest package trends for better clarity:
Particulars |
Placement Statistics (2021) |
Placement Statistics (2022) |
Placement Statistics (2023) |
|---|---|---|---|
the highest package |
INR 64.30 LPA |
INR 2.14 crore per annum |
INR 1.31 crore per annum |
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The institute has released the 2024 placement report on the official website. However, there are no data points to conclude the placement statistics. The key highlights of IIT Madras placements 2024 are presented below:
Particulars
Placement Statistics (2024) (phase 1)
Median package
INR 19 LPA
Internship offers
19% increase compared with previous year
Placement rate
50% students placed
Top recruiters
JP Morgan Chase, Texas Instruments, Adobe
Note: The above-mentioned placement data is sourced from media reports and, hence may vary.